The JPMorgan Life Continental Europe Equity Fund (the ’Fund’) is a pooled life fund for pension schemes investing primarily in European equities (excluding UK) either directly or through other funds and may have exposure to smaller companies on an ancillary basis. The Fund seeks to achieve excess return through style analysis and stock selection. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum. Normally the Fund only invests in the JPM Europe Fund, a UK authorised openended investment company.

?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

1.63

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

1.01

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

0.41

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

11.56

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

2.54

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

0.65

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

0.95

Price movement

52 week high1090

52 week low811.6

Current bid price-

Current offer price-

Current mid price1036.9

Region

1

France

21.2%

2

Germany

21.1%

3

Switzerland

17.1%

4

Netherlands

7.7%

5

Spain

7%

6

Belgium

5%

7

Denmark

5%

8

Sweden

3.8%

9

Money Market

3.6%

Industry sector

1

Financials

20.5%

2

Consumer Goods

17%

3

Industrials

13.9%

4

Health Care

10.9%

5

Basic Materials

10.3%

6

Oil & Gas

7.6%

7

Consumer Services

6.4%

8

Utilities

3.8%

9

Technology

3.7%

Asset type

1

French Equities

21.2%

2

German Equities

21.1%

3

Swiss Equities

17.1%

4

Dutch Equities

7.7%

5

Spanish Equities

7%

6

Belgian Equities

5%

7

Danish Equities

5%

8

Swedish Equities

3.8%

9

Money Market

3.6%

Individual holdings

1

NESTLE SA

5.2%

2

ROCHE HLDG AG

3.7%

3

NOVARTIS AG

3.4%

4

TOTAL SA

3%

5

BASF SE

2.5%

6

BNP PARIBAS

2.5%

7

ING GROEP N.V.

2.4%

8

SANOFI

2.3%

9

SIEMENS AG

2.1%

Management

Fund manager group

Zurich

Fund manager company

Zurich Assurance Ltd

Fund type

Pension Fund

Fund objective

The JPMorgan Life Continental Europe Equity Fund (the ’Fund’) is a pooled life fund for pension schemes investing primarily in European equities (excluding UK) either directly or through other funds and may have exposure to smaller companies on an ancillary basis. The Fund seeks to achieve excess return through style analysis and stock selection. The Fund is well diversified and under normal circumstances, is fully invested, with cash holdings kept to a minimum. Normally the Fund only invests in the JPM Europe Fund, a UK authorised openended investment company.

Benchmark

No Specified Index

Investment style

No data available.

Investment method

Shares

Fund managers

Name

Since

Biography

Nicholas Horne

30/04/2013

Nicholas Horne, associate, is a portfolio manager in the J.P. Morgan Asset Management European Equity Group. An employee since 2006, he did his investment banking internship at the M & A Group at Trenwith Securities. Before that, he did an internship in private wealth management at Smith Barney. Nick holds a BSM in Finance and International Relations from Tulane University, and an MSc in Politics of the World Economy from the London School of Economics. Nick is a CFA charterholder.

Alexander Fitzalan Howard

30/04/2012

Alexander Fitzalan Howard, managing director, is a portfolio manager within the J.P. Morgan Asset Management European Equity Group managing both institutional and retail products. An employee since 1986, Alexander was previously an investment manager with the J.P. Morgan Asset Management North American Portfolios Group, most recently running the desk. Before this, Alexander was involved in the development of the Czechoslovakia Investment Corporation Inc., and responsible for the establishment of the first Czech domestic mutual funds managed by Investicni Banka and administered by Save & Prosper. Prior to this, he assisted in the fund management of the Save & Prosper financial sector unit trusts and was responsible for analytical coverage of the financial and media sectors. Alexander obtained a B.A. (Hons) in Modern History from Oxford University.

Stephen Macklow-Smith

30/09/1995

Stephen Macklow-Smith, managing director, is a portfolio manager within the J.P. Morgan Asset Management European Equity Group, responsible for segregated portfolios, the European assets of UK pension funds and the JPMorgan European Investment Trust. An employee since 1997, Stephen was previously head of the European team at HSBC Asset Management. Prior to this, he was a fund manager of European pension fund assets at Henderson Administration. Stephen obtained an M.A. in Classics and Modern Languages from Oxford University.

Compliance

No data available.

Domicile

No data available.

Fund for sale in

United Kingdom

Zurich JPM Continental Europe Equity Pn CS1

Initial charge-

Annual charge0.4%

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)0.4%

Bid price-

Offer price-

Mid price1036.9

CurrencyGBX

Price updated08/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi code062W

Zurich JPM Continental Europe Equity Pn Inet

Initial charge-

Annual charge-

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)-

Bid price289.2

Offer price289.2

Mid price-

CurrencyGBX

Price updated08/12/2016

Type-

Institutional or retail classRetail

Domicile-

Citi codeZ287

Zurich JPM Continental Europe Equity Pn ZP

Initial charge-

Annual charge0.25%

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)0.25%

Bid price-

Offer price-

Mid price329.1

CurrencyGBX

Price updated08/12/2016

Type-

Institutional or retail classRetail

Domicile-

Citi codeZL59

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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